Industry News

Award-winning New York bar and restaurant Employees Only announced today (23 June 2017) that it has opened its first Hong Kong outlet as part of its ongoing expansion plan in Asia.

Entrepreneur/SME Focus
For many Americans, starting their own business is the manifestation of the American dream: Take a risk, work hard, get rich. So why don’t more women do it?

Finance
The Trump administration is aiming to reverse the Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law by President Obama in 2010 to regulate the financial services industry. Will Trump succeed? AmCham’s Kenny Lau speaks to a panel of financial and legal experts amid a drastic change of direction on regulation, trade and diplomacy

Transportation

Intellectual Property
US streaming giant Netflix agreed to provide television series to Baidu’s iQiyi.com, gaining access to the only major film market that had eluded the world’s largest paid video service.

Trade & Investment
Invest Hong Kong (InvestHK) and the Census and Statistics Department (C&SD) are conducting the Annual Survey to collect information for understanding more about the situation and opinions of companies in Hong Kong representing their parent companies located outside Hong Kong.

Education

Taxation
Following U.S. President Trump’s announcement of his tax plan proposing reductions in both individual and corporate income tax rates, as well as a shift to a territorial tax system away from the current worldwide system, AmCham made a submission to US Congressmen and the Administration to re-examine the impact of the American system of worldwide taxation has on U.S.’ international competitiveness.

Law
Akin Gump partners specializing in global trade, Stephen Kho and Tatman Savio, have spoken on the Trans-Pacific Partnership (TPP) trade agreement in an article by The Asian Lawyer, “TPP’s Uncertain Prospects Weigh on Asia-based Lawyers,” which noted that if the United States were to not ratify the TPP, it would render the trade deal a failure.

Human Resources
The trend of expat millennials who grew up in Hong Kong returning home after university and early careers overseas is extremely positive for Hong Kong. Highly qualified and skilled, many are very entrepreneurial and are setting up their own apartment renovation businesses, trading businesses, and even non-profit foundations

Communications/Tech
In a challenging environment amid slow global growth, Hong Kong’s retail sector could appeal to the changing consumer landscape through digital technology, particularly in China where more than two-thirds of online shoppers are making cross-border purchases. Angel Young, Nielsen’s Managing Director for Hong Kong and Macau, explains in a recent interview

Hospitality
Award-winning New York bar and restaurant Employees Only announced today (23 June 2017) that it has opened its first Hong Kong outlet as part of its ongoing expansion plan in Asia.

Real Estate
With a record US$5.32 billion of mainland investment into Hong Kong property last year – up from just US$3.31 billion in 2015 – Hong Kong’s real estate market was second only to New York’s as a target for mainland capital in 2016. The inflow of Chinese capital is rapidly transforming the market for development sites and mature assets in the city

CSR

Apparel & Footwear
Over 20+ fashion influencers will share their journey, secret formulas to succeed in fashion and insights on the whole ecosystem. Don't miss it

Greater China
AmCham was delighted to host a delegation of senior government officials from Jiangxi Province led by Mr. Hu Youtao, Vice Chairman of the Jiangxi Provincial CPPCC (Committee of the Chinese People’s Political Consultative Conference).

Health Care
On May 15, 2017, AmCham Leader Caroline Johnson, Chair of the Pharmaceutical Committee, and General Manager, Hong Kong and Philippines, AbbVie Limited was invited to speak to 300 high school students at Stewards Pooi Kei College about “Achieving Your Dream”.

Food & Beverage
Award-winning New York bar and restaurant Employees Only announced today (23 June 2017) that it has opened its first Hong Kong outlet as part of its ongoing expansion plan in Asia.

Environment & Sustainability
The price of ivory in China has dropped sharply as that country plans to end the legal trade in ivory later this year, a leading elephant conservation group said in a new report. That’s great news for the world’s largest land animals.

What’s New in Washington
The Trump administration is aiming to reverse the Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law by President Obama in 2010 to regulate the financial services industry. Will Trump succeed? AmCham’s Kenny Lau speaks to a panel of financial and legal experts amid a drastic change of direction on regulation, trade and diplomacy